12TH TO 15TH OCTOBER 2019

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MCHI-CREDAI

12TH OCTOBER 2019 NEWS

REALTY NEWS

     

CREDAI wants clarity on compulsory registration of projects under RERA

Publication: BUSINESS LINE Date : 12 OCTOBER 2019
The Confederation of Real Estate Developers Associations of India (CREDAI-Pune Metro) has said that Real Estate Regulatory Authority (RERA) registration should not be made mandatory for housing projects that have got completion or occupancy certificate before implementation of the RERA Act in Maharashtra.
     

RERA cites Contract Act breach in refund order

Publication: MUMBAI MIRROR Date : 12 OCTOBER 2019
The Maharashtra Real Estate Regulatory Authority (Maha-RERA) has cited violations of the Indian Contract Act provisions for the first time to direct the developer of Sheltrex Smart Phone City in Karjat to refund a sum of Rs 5.71 lakh with interest from 2010 to the homebuyer for the 10-year delay in giving possession of the flat.

14TH OCTOBER 2019 NEWS

REALTY NEWS

     

Ghatkopar society saves 100% in power bills

Publication: HINDUSTAN TIMES Date : 14 OCTOBER 2019
An 11-storey apartment complex in Ghatkopar (East) has been using solar energy to power the electricity requirement of its common areas since March, which has brought down their power bills to zero.
     

‘Building smart cities starts with people, not technology’

Publication:MINT Date : 14 OCTOBER 2019
‘By rethinking the ways in which space is used, we could optimize and innovate offices, homes and urban infra,' says Emma Greer, senior architect at Italy-based design firm Carlo Ratti Associati
     

Construct or buy a residential house to get LTCG exemption under Section 54

Publication:MINT Date : 14 OCTOBER 2019
You would need to construct a residential house on the land within 3 years, after the date of transfer of the erstwhile residential property, for claiming the tax exemption under Section 54 As the monthly rental is equal to ₹50,000, the TDS deduction provisions are not currently applicable to you
     

15TH OCTOBER 2019 NEWS

REALTY NEWS

     

Maharashtra and Gujarat lead 40% year-on-year spike in RERA registrations

Publication: BUSINESS STANDARD Date : 15 OCTOBER 2019
There has been a 40 per cent growth across the country in project registrations under the Real Estate Registration Act (RERA) in a year, from 32,306 projects at the end of September 2018 to 45,307 projects as on October 5, a news report said.
     

RERA sees 40% rise in real estate project registrations in a year; Maharashtra tops the list

Publication: ZEE BUSINESS Date : 15 OCTOBER 2019
After nearly two-and-half years since Real Estate (Regulation and Development) Act 2016 (RERA) came into effect across the country to regulate the Indian real estate sector, there has been a 40 percent growth in project registrations under RERA in a year across the country.
     

Unesco honours conservation of 3 city icons

Publication: TIMES OF INDIA Date : 15 OCTOBER 2019
In a singular recognition of Mumbai’s heritage conservation movement, efforts made to spruce up three city landmarks — Keneseth Eliyahoo Synagogue at Kala Ghoda, Gloria Church in Byculla, and Flora Fountain — have won this year’s Unesco Asia-Pacific Awards for Cultural Heritage Conservation.

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